A Hot Housing Market, New Nearby Developments And Trouble In Data Center Alley: The Latest In Loudoun County
1) Loudoun County has experienced a spike in demand for housing and, like many areas of the country, is struggling to meet it. The county's Board of Supervisors has created a plan to help solve this issue, which local real estate leaders discussed in September at Bisnow's Future of Loudoun County digital summit.
2) Loudoun County is located in the middle of what has been dubbed Data Center Alley, but tax revenues of data centers in the area fell $60M short of 2021 predictions. While some claim this is just a pandemic-driven problem, others are concerned that this may point to a larger issue with building a data center-centric development model.
3) Several developments are moving forward in nearby Reston and Herndon, and officials in those areas are also keeping a close eye on major developments rising in Loudoun County. Herndon Director of Community Development Lisa Gilleran told Bisnow that Loudoun County’s new mixed-use development, Rivana at Innovation Station, has potential benefits for Herndon, but would also have impacts on Herndon that area officials will be looking at carefully, including traffic.
4) While the housing market in Loudoun County and surrounding areas has cooled down a bit, sales are still up from last year, and as of August, things remain a “remarkably pro-seller environment,” InsideNova reported.
5) Construction is expected to begin before the end of the year on a massive new restaurant and entertainment venue geared toward car enthusiasts in Loudoun County and the surrounding areas. The Gas Haus will be a collector car storage and social club with room for 190 cars in general storage, 50 cars in the “Founders Club” and 50 motorcycles. There will also be a venue area for bands and comedians to perform and a social club for members and a restaurant.
6) Toll Brothers is building 260 single-family houses in the Carolinas Collection, between Dulles and Middleburg. These houses will feature four different floor plans and four exterior styles to choose from. As of late September, there were five homes still available for purchase, along with a fully furnished model home that is move-in ready.
7) Loudoun developer Leonard “Hobie” Mitchel filed plans this summer for a massive development in Leesburg dubbed Village at Clear Springs. The development will feature 1,238 homes on the site, with a mix of townhomes, single-family homes, apartments and senior housing as well as a sports complex.